TD SYNNEX has acquired Apptium, a software development company and provider of the StreamOne cloud commerce platform. The acquisition reflects a critical investment in TD SYNNEX’s technology solutions orchestration strategy and expands the company’s depth and breadth of cloud and everything-as-a-service offerings.
► Accelerates development and enhances ability to meet e-commerce needs and simplify complexity
The move strengthens TD SYNNEX’s broad, compelling value proposition and accelerates the evolution of the company’s IP to drive its position as an innovative solution provider. StreamOne is the foundation of TD SYNNEX's digital business orchestration strategy, which puts ecosystem partners in control through data-driven decisions, customer insights and solutions aggregation. Prior to the acquisition, Apptium acted as a key partner and enabler to the StreamOne platform, and the combination of this technology, and industry and technical expertise will further advance the platform’s development.
The combined entity brings together two strong companies with expertise in the technology, communications, services and managed solutions industries, as well as a broader and more compelling value proposition that spans digital service innovation and delivery, through to revenue management and support. The acquisition also will improve the ways in which TD SYNNEX can accelerate solutions that will help vendors and customers better serve their stakeholders and enable Apptium to better serve its existing and new customer.
Patrick Zammit, CEO, TD SYNNEX, said: “Apptium has built a transformative platform that has already delivered a meaningful impact underpinning our own solutions orchestration capabilities. Bringing this technical expertise to TD SYNNEX allows us to execute on our strategy and continue investments in serving our customers. Through this platform we will strengthen support for our ecosystem partners and expand our addressable market over the next several years.
Apptium is the developer of a best-in-class platform-as-a-service offering that enables companies to seamlessly adopt and implement marketplaces, emphasising configuration over code to support accelerated implementation, streamlined management, and accelerated time to revenue. The platform enables companies to deliver e-commerce and cloud-managed services through an omnichannel approach, and Apptium prides itself on developing a disruptive model that harmonises disparate subscription and transaction types. Apptium's API-driven approach delivers real-time and near-real-time data accuracy as well as a single pane of glass to allow seamless transactions across all major hyperscalers.
In addition to underpinning StreamOne, Apptium also brings extensive products, integrations and functionality that will benefit TD SYNNEX customers and vendors in addition to expanding capabilities for new segments. Through its robust billing/subscription management platform, the Apptium platform addresses the challenges of subscription- and consumption-based IT service models and simplifies management of multiple cloud providers in a single platform.
As a wholly owned subsidiary, Apptium, a TD SYNNEX company, will continue to function as a separate organisation to preserve and sustain its entrepreneurial culture and the pace of product innovation it has established in the market.
For more information on StreamOne and our other digital platforms, visit Trusted Advisor.
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